LIVE MARKETS-Defence names surge, broader market mixed

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DEFENCE NAMES SURGE, BROADER MARKET MIXED

European defence stocks are surging on Monday on expectations the region will step up military spending after a weekend summit of EU leaders, extending on this year's stunning rally.

The STOXX Europe Aerospace and Defence Index .SXPARO is up over 5.5% to a new record, on track for its biggest daily jump since November 2020. The index is up 30% year-to-date.

Rheinmetall RHMG.DE, Leonardo LDOF.MI, Saab SAABb.ST, Thales TCFP.PA, BAE Systems BAES.L and Dassault Aviation AM.PA are all up between 8% and 13.4%.

Broader markets are mixed with the STOXX 600 .STOXX up 0.1% and the EURO STOXX 50 .STOXX50E flat.

Britain's FTSE 100 .FTSE is up 0.4% to a new record, while Germany's DAX .GDAXI is up 0.4%, just below its peak from two weeks ago.

Here's your opening snapshot:

(Samuel Indyk)

MONDAY'S OTHER LIVE MARKETS POSTS:

EUROPE BEFORE THE BELL: FUTURES HIGHER, MARKETS SET FOR DEFENCE BOOST CLICK HERE

TRUMP FLAGS CRYPTO RESERVE, MUM ON FUNDING CLICK HERE